Lease extension period a great sign

The extension of period for lease of aircraft is a great sign. The Government has created the right environment for new players, especially for the first generation of entrepreneurs.

We need all the support from the Government to make low-cost airline a success so that more people can fly. Such incentives will also help in putting an end to cartalisation by bigger players. If lease rentals go down, fares will come down further. When we get more aircraft, we will surely try to bring down the prices further.

(This article was published in the Business Line print edition dated March 2, 2005)

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